Sa Sa sees interim turnover surge

Macau and Hong Kong superstores helped drive a massive boost in sales for fashionable cosmetics chain Sa Sa.

The Hong Kong-based company reported a turnover of HK$3.3 billion (US$425.7 million), for the six months to September 30 – representing an increase of 21.2 per cent on the same period last year.

The group said its strong performance was driven by its core markets Hong Kong and Macau, where turnover increased 19.3 per cent to HK$2.6 billion (US$335.4 million). Retail sales growth momentum in Hong Kong and Macau remained strong, with the same store sales and same store transaction volumes rising 16.8 per cent and 4.7 per cent respectively during the period.

This was due to the increase of visitors from the mainland China which hiked to 10.7 per cent and local spending which also rose 5.9 per cent.

In Singapore and Malaysia, Sa Sa delivered a combined turnover of HK$271.8 million (US$35 million), a rise of 15.9 per cent over the previous period while Taiwan’s turnover increased by 18.3 per cent.

“The group’s success has long been based on the solidity of our financial platform, the flexibility and long-term vision of our management, and, above all, on our track record of resilience in the challenging environment,” said Simon Kwok, group chairman and chief executive director.

The group says it will continue to see continued sales growth in Hong Kong and Macau and it will continue to expand its network and strengthen its brand and expand its product portfolio to cater to the growing demand.

GB

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